FIFO Meaning, Importance and Example
Sep 29, 2021
For any company, there are two possible inventory valuation methods, LIFO and FIFO. Where LIFO stands for last in first out, FIFO, on the other hand, stands for First in first out.
For any company, there are two possible inventory valuation methods, LIFO and FIFO. Where LIFO stands for last in first out, FIFO, on the other hand, stands for First in first out.